EV Innovations, Inc. will, according to the letter of intent, receive up to 13 million dollars in concessions and credits to include:
— A 145,000 square foot manufacturing facility.
— An option of a 400,000 square foot manufacturing facility for future expansion.
— Begin working with Isothermal Community College to develop a world
class training program for the repair and manufacturing of electric vehicles.
"EV Innovations, Inc. intends to hire 250 people over the next two years," according to Holly Armstrong. "We are very pleased to be working with Rutherford County and developing high paying jobs as we begin the mass production of the LiV Wise and the Wave 2 for government and consumer use."
EV Innovations Inc. (OTCBB: EVII) announce that it has just completed the conversion of a 12,000 GVWR (class 3) cab and Chassis truck to all electric lithium ion.
This truck can be used for everyday purposes including deliveries, load hauling, flat bed towing, and even as a refrigerated delivery box. This opens up a completely new market for selling electric vehicles not only in the United States but international markets as well.
The vehicle has been designed to meet the demands of modern day businesses. Being economic, low maintenance and promoting an excellent green corporate statement was also a priority while setting the stage of design for future use.
With an estimated 50,000 mile drive train service interval, the low cost of operation and maintenance put this vehicle in a category by itself.